Manipulative or not, we are staying above $6,0xx for now, which is good. But organic buying pressure to lift us above $6,500 for a genuine rally still seems lacking. Perhaps this second bottom will help people cross that line from bear to bull.

Have there been any projects working toward combining lightning and hosting data/bandwidth? Like "pay me 1 satoshi/Mb per day or I drop your data".

Even if it’s encrypted, how do you trust a third party random to reliably host your data?

With enough 'third parties' (AKA storage nodes), and an erasure coding layer, this is a solved problem. How do you think Google, Amazon, et al do it? It is not by guaranteeing unlimited uptime for any individual storage node. It is by making the reliability of each individual storage node irrelevant, by employing intelligent redundancy in a layer above the hardware.

Define ‘enough’ under the following constraints: (a) you must pay each member of ‘enough’ to be a reliable host and (b) ‘enough’ includes 11 year olds, Billy Bob and itinerant sex workers.

a) Well, this would be part of the system design. Paying each storage node operator directly is a fool's errand. The system would allocate revenue in proportion to each storage node operator's contribution to the system as a whole.

b) Again, the fact that erasure coding is applied above the raw storage layer ensures that the reliability of any individual node is irrelevant. See a) re: proportional revenues.

A look at Zooko's Tahoe-LAFS may be instructive as a pattern that can be employed for the storage concepts, and a look at Bitcoin for and example of economic incentives engineering may be helpful.

Manipulative or not, we are staying above $6,0xx for now, which is good. But organic buying pressure to lift us above $6,500 for a genuine rally still seems lacking. Perhaps this second bottom will help people cross that line from bear to bull.

It looks good to me, Double bottoms are great, and overall it looks like the bottoms are on a slight uptrend..If you don't count the wick of this spinning top candle, and throw it out of your TA as manipulation, my rising support line still stands..

In the long term chart this recent action is just a spinning top..

Quote

The Spinning Top candlestick pattern has a single candle. It forms at the peak of an uptrend, the bottom of a downtrend

The cruelty on the other side is the fact that the inevitable evolution of shitcoins is always going to be a dystopian govt control grid resembling the Chinese social credit score system. To further explain the situation, the philosophy of the so-called (non-Zionist Jew) ruling class is gnosticism. The goal of gnosticism is essentially instead of being a peon that worships god, the goal is to become god, a god, surpass god, or defeat god yourself.

The part most people are unable to figure out - not that anyone even knows what gnosticism is in the first place - is that gnosticism is virtually no different than Satanism in practice: do as thou wilt. There are no real prohibitions on what you can do in either case, and many have speculated that the ruling class posing under this gnosticism banner are really just satanists using an obfuscated label to confuse people. What does this have to do with shitcoins? Because gold and silver are "god's money". There is nothing arbitrary about it and it's not a house of cards built on various schemes. It's just flat out raw nature.

Shitcoins are the diametrically opposing faction. It's a system of gnosticism created by gnostics. It's a man-made scheme based around artificial scarcity with no real value whatsoever and an artificial halving get rich quick scam to try and keep it afloat. They claim to do things better than the noble metals but fail in every single aspect from settlement tool, to durability, to anything else. Something that can cease to exist at any second has no durability. The ability to dump them faster than metals simply originates from the fact they had a value of zero in the first place - a "virtual asset" similar to a "virtual girlfriend". Both are completely useless and easily transferred since you're not actually transferring anything of value at all.